Dear investors, we are pleased to announce the successful placement of the $1,535,967 shortfall from our recent Entitlement Offer, along with a $164,033 Placement by Sophisticated Investors at $0.08 per share, totaling $1,700,000. This will support essential permitting, mine development activities, project financing, and community engagement initiatives as we progress with our high-grade iron ore projects in Madagascar.

Our flagship Bekisopa Iron Ore Project, with a 194.7 million tonne Inferred JORC Resource, is positioned to produce premium-priced +67% Fe concentrate for low carbon steel making. We are advancing plans for a Stage 1, 2Mt per annum Mine to generate cash in the near-term, following the successful granting of a Mining Permit, representing a significant value inflection point for the project.

Should you have any questions or require further information, please feel free to reach out to our Managing Director, Peter Bird, via email at info@akoraresources.com or visit our website. We appreciate the support of our investors and remain committed to achieving our strategic goals for sustainable growth and value creation.